U.S. Federal agents solicited sexual acts from alleged victims of human trafficking which led to charges of prostitution and the women’s arrests. In essence, the women they were trying to protect, ended up in trouble with the la...

Business Bankruptcy Lawyers in Washington County, Vermont

When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Washington County, Vermont.

For most publicly-held companies, filing for Chapter 11 bankruptcy is better because it is a way to rehabilitate the business.

Under a Chapter 7 bankruptcy, all of the assets are liquidated and the business is generally dissolved at the end. Most businesses, therefore, prefer to file for Chapter 11 bankruptcy, in which a trustee is appointed to reorganize the company's finances.

The business may then "emerge" from bankruptcy. Contact a business bankruptcy attorney in Washington County, Vermont for legal advice.